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Label guide

LEED, the guide to version 5

The American standard chosen for international headquarters and towers: categories, carbon prerequisites, rating, costs and a strategy for targeting Gold.

01

What is LEED?

LEED, which stands for Leadership in Energy and Environmental Design, was launched in 1998 by the USGBC (United States Green Building Council). Version 5, released in November 2025, marks a break with the past: decarbonisation now accounts for 50% of the weighting.

It targets absolute decarbonisation, covering both operational and embodied carbon, building electrification and climate resilience. Carbon performance targets become mandatory prerequisites from the Certified level upwards.

LEED requires an energy simulation under the US standard ASHRAE 90.1. French engineering consultancies therefore have to run dual modelling, RE2020 and ASHRAE, which increases the cost of studies.

The label is the benchmark in the United States, Canada and Asia. In France, it is mainly chosen for the towers of La Défense, such as Tour First or Tour Alto, and for the headquarters of large international groups such as Google or L’Oréal.

02

The categories

v5 organises its credits around three goals: decarbonisation (50%), quality of life (25%) and ecological conservation (25%). It adds three mandatory prerequisites:

Operational carbonEAp1
A projection of the building’s operational carbon, together with a decarbonisation plan.
Embodied carbonMRp2
Quantification and assessment of embodied carbon, through a life cycle assessment of materials.
ResilienceIntegrative Process (IP) prerequisite
Climate resilience assessment from the design stage.

Prerequisites and credits by category

Location and transportationLocation & Transportation (LT)
Access to quality public transport, with a metro or tram stop within 400 m; charging points on 5% of parking spaces; in v5, a dedicated social equity credit (Equitable Development).
Sustainable sitesSustainable Sites (SS)
Minimised site disturbance, now a prerequisite in v5; habitat that supports biodiversity, under ecological conservation; heat island reduction through white or green roofs.
Water efficiencyWater Efficiency (WE)
A prerequisite of −20% consumption against the US baseline; −40 to −50% targeted for indoor use; optimised cooling tower cycles of concentration.
Energy and atmosphereEnergy & Atmosphere (EA), the cornerstone of v5
Electrification (EAc1): a strong incentive to eliminate on-site fossil fuels. Performance (EAc3): ASHRAE 90.1-2016 simulation, hence dual modelling in France. In v5, the Platinum level also requires a minimum carbon threshold; points alone are no longer enough.
Materials and resourcesMaterials & Resources (MR)
Life cycle assessment (MRp2), the embodied carbon prerequisite in v5; 20 products documented by an environmental product declaration (EPD, the equivalent of French FDES); more than 75% of construction waste recycled.
Indoor environmental qualityIndoor Environmental Quality (EQ)
Air quality testing, worth 2 points for new construction in v5; daylight factor simulation for daylight autonomy; outdoor views for 75% of occupants.
Integrative process and innovationIntegrative Process & Innovation
Green Leases (v5): 6 points in Core & Shell to align owner and tenant; an integrative process grounded in rigorous preliminary studies, not just documentation; innovation bonus points for exemplary performance.

03

From v4.1 to v5

The move from v4.1 (2019 to 2025) to v5 (November 2025) is the most profound transformation in the label’s history. Decarbonisation becomes its central pillar, with 50% of the weighting.

Changes between LEED v4.1 and v5
Topicv4.1 (2019 to 2025)v5 (November 2025)
PhilosophyEnergy efficiency, holistic processAbsolute decarbonisation, 50% of points
Operational carbonOptional creditMandatory prerequisite (EAp1)
Embodied carbonOptional creditMandatory prerequisite (MRp2)
Climate resilienceNot requiredMandatory prerequisite (integrative process)
ElectrificationEncouragedStrongly encouraged (EAc1)
Platinum levelSufficient scoreScore plus a mandatory minimum carbon threshold
Social equityLimitedDedicated credit (Equitable Development)
Green leasesNo6 points in Core & Shell

04

The rating

The system is simple: 100 base points and 10 bonus points (innovation and regional priorities). Unlike BREEAM, there is no weighting: one point is worth one point.

LEED level thresholds
LevelPointsWhat it means
Platinum80 and aboveMaximum prestige, reserved for landmark towers
Gold60 to 79The international standard, highly valued
Silver50 to 59A decent level, with no major added value
Certified40 to 49The minimum for certification, rarely targeted in France
Gold is the benchmark level for prime office real estate internationally.

05

The process

The process is fully digital, on the LEED Online platform. A site visit is not systematic, but the documentation requirements are very demanding.

RegistrationStep 1
The project is registered on LEED Online.
SubmissionStep 2, design and construction
Evidence is submitted and fully reviewed remotely by GBCI (Green Business Certification Inc.). The review is technical and demanding.
CertificationStep 3
The final score is notified and the label’s distinctive round glass plaque is awarded.

06

Costs and return

Certification fees

The registration and review fees paid to the USGBC are lower than for BREEAM or HQE. LEED AP fees, on the other hand, are higher than for BREEAM, because the assignment includes complex energy modelling (ASHRAE) and the management of EPDs.

$4k to $12k

USGBC registration and review fees

€25k to €50k

LEED AP fees, full support

Additional construction cost and return on investment

What the Gold and Platinum levels cost in construction works, and what they bring in rental terms.

Additional cost and value by LEED level
LevelAdditional construction cost (% of works budget)Return (rental value and energy)
Silver and Certified0 to 2%Mere compliance: avoids a value discount, little effect on rent
Gold2 to 6%Prime rents of +5 to +12%; energy savings of around −25% against the baseline; the level required by US companies
PlatinumOver 8%A benchmark asset, eligible for green bonds: record rents, minimal operating costs (−40%), access to the most favourable green financing

07

Advantages and limitations

Advantages

  • International prestige: it is the benchmark label for towers and headquarters.
  • Real energy performance, since the assessment is based on a simulation.
  • A commercial asset: the Gold and Platinum levels resonate with investors and tenants alike.

Limitations

  • A pass-or-fail logic: missing a single prerequisite, such as the −20% on water, is enough to rule the project out.
  • A high level of technicality, requiring specialist engineering consultancies (ASHRAE, commissioning).
  • More expensive engineering studies than for BREEAM or HQE.

08

Targeting Gold

Reaching Gold, or even Platinum, does not mean chasing every point. The following table shows, by project type, how easy it is to secure the points in each category to reach Gold. It says nothing about their return, which is covered further down.

Point accessibility by category and project type
CategoryNew commercialRenovationHigh-rise tower
Location and transportation (mobility, bicycles, EVs)Easy*Easy*Easy*
Energy and atmosphere (33 points maximum)HardLimitedPriority
Water efficiencyModerateModerateModerate
Materials and resources (EPD, FDES)Hard**ModerateHard**
Indoor environmental quality (health, comfort)EasyEasyEasy
Easy: points quickly within reach. Moderate: standard effort. Hard: significant investment. Limited: strong constraints. * Easy in city centres. ** Hard, because EPD collection is extensive.

To help you decide, here is the financial value each category can deliver, expressed in rent, sale price or operating cost savings. These figures come from the CBRE “Green is Good” study and from USGBC data.

Added value by category and project type
CategoryNew commercialRenovationHigh-rise tower
Location and transportation+5% rent (premium location)+4% value (CBRE)Vacancy below 3%
Energy and atmosphere−20% operating costs−10% operating costs (USGBC)Payback in under 6 years
Water efficiency−30% water consumption−15% on the bill, limited effect−40% consumption (cooling towers)
Materials and resources+4% asset valueNeutral, mere complianceCarbon footprint for ESG reporting
Indoor environmental quality+16% productivity (cognitive function)+31% rent (LEED premium)+6% sleep (Harvard study)